Merchants State Bank - Richardton, ND

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 31, 1931
Location: Richardton, North Dakota (46.884, -102.316)

Metadata

Model: gpt-5-mini
Short Digest: 30627265

Response Measures

None

Description

Article (Dec 31, 1931) states the Merchants State Bank of Richardton was closed and a receiver (L. R. Baird) is paying a 10% dividend to creditors. No mention of a depositor run; closure appears to be permanent with receiver handling distributions. Cause of suspension/closure not given in the article.

Events (2)

1. December 31, 1931 Receivership

Newspaper Excerpt: it was announced Thursday by L. R. Baird, receiver of closed banks. Payment is being made through the office of P. A. O'Keeffe, district manager here. PAYING BANK DIVIDEND A dividend of 10 per cent is being paid to creditors of the closed Merchants State bank of Richardton, N. D.
Source: newspapers

2. * Suspension

Cause Details: Article does not state the reason for closure or suspension.
Newspaper Excerpt: closed Merchants State bank of Richardton, N. D.
Source: newspapers

Newspaper Articles (1)

1. December 31, 1931 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, December 31, 1931

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Article Text

PAYING BANK DIVIDEND A dividend of 10 per cent is being paid to creditors of the closed Merchants State bank of Richardton, N. D.. it was announced Thursday by L. R. Baird, receiver oi closed banks. Payment is being made through the office of P. A. O'Keeffe, district manager here.